Technology Underwriter

Minneapolis, MN Other
POSTED ON 3/21/2024

Company Details

 

Berkley Technology Underwriters is a global insurance provider offering property, casualty, professional and cyber insurance coverage for technology companies. 

Responsibilities

As a Technology Underwriter, you’ll be responsible for the management and growth of an assigned book of business as well as the acquisition of new business with a focus on Technology Middle Market insurance customers. We will rely on you to analyze customers’ business information and claims history, monitor clients’ activities to change the policies as risks evolve. You’ll evaluate acceptability of individual risks and determine overall acceptability of risk, coverage terms and pricing to achieve company profit objectives. You’ll work with agents/brokers to develop productive and profitable relationships while also ensuring compliance with company underwriting guidelines and insurance regulators.

  • Responsible for profitable results via risk selection, maintaining high premium retention ratios and applying appropriate rating and coverage terms
  • Account manager for assigned book of business
  • Handle new and renewal submissions and endorsement requests from agents/ producers
  • Document underwriting files to support analysis, coverage terms and pricing
  • Operate according to underwriting authority as delegated by manager
  • Provides clear instruction and guidance to underwriting support staff and operations staff
  • Desire to develop sales and marketing skills and strategies in order to meet financial goals
  • Follow established pricing, underwriting and documentation protocol as set forth by underwriting management
  • Mentor & coach underwriting support staff

 

May perform other functions as assigned

 

Qualifications

  • Four-year college degree or equivalent experience

  • 1 to 3 years of experience working in a commercial underwriting or commercial underwriting support.
  • Familiarity with commercial lines underwriting standards and practices along with rating/pricing methods.
  • Ability to learn interpreting coverage forms.
  • Ability and desire to sell and/or market insurance products & services.
  • Desire to strengthen negotiation skills.
  • Strong customer service skills.
  • Strong oral and written communication skill.
  • Strong analytical and decision-making skills.
  • Ability to work independently as well as in a team environment.
  • Strong interpersonal skills.
  • Presentation skills.
  • Excellent PC skills and a working knowledge of Windows environment a valid driver’s license and carry vehicle insurance coverage.

Additional Company Details

The Company is an equal employment opportunity employer We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. https://www.berkley-tech.com/

Additional Requirements

Travel: Some travel required

Sponsorship Details

Sponsorship not Offered for this Role

Hourly Wage Estimation for Technology Underwriter in Minneapolis, MN
$46.69 to $63.97
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

Sign up to receive alerts about other jobs that are on the Technology Underwriter career path.

Click the checkbox next to the jobs that you are interested in.

Income Estimation: 
$57,998 - $73,778
Income Estimation: 
$62,833 - $75,875
Income Estimation: 
$66,359 - $86,876
Income Estimation: 
$67,894 - $88,436
Income Estimation: 
$67,939 - $89,651
Income Estimation: 
$125,079 - $177,026
Income Estimation: 
$170,460 - $211,089
Income Estimation: 
$172,488 - $220,286
Income Estimation: 
$221,915 - $340,206
Income Estimation: 
$177,639 - $248,752

Sign up to receive alerts about other jobs with skills like those required for the Technology Underwriter.

Click the checkbox next to the jobs that you are interested in.

  • Policy Analysis Skill

    • Income Estimation: $56,327 - $72,953
    • Income Estimation: $62,833 - $75,875
  • Reinsurance Skill

    • Income Estimation: $56,327 - $72,953
    • Income Estimation: $62,833 - $75,875
View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

Job openings at Berkley

Berkley
Hired Organization Address Naperville, IL Full Time
Company Details: At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnerin...
Berkley
Hired Organization Address Greenwich, CT Full Time
Company Details Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liabilit...
Berkley
Hired Organization Address Greenwich, CT Full Time
Company Details Berkley Human Services, a Berkley Company, is devoted to meeting the needs of Human Services Organizatio...
Berkley
Hired Organization Address Urbandale, IA Other
Company Details Berkley Technology Services (BTS) is the dynamic technology solution for W. R. Berkley Corporation, a Fo...

Not the job you're looking for? Here are some other Technology Underwriter jobs in the Minneapolis, MN area that may be a better fit.

Executive Technology Underwriter

Berkley, Minneapolis, MN

Technology Operations Director

Ledgent Technology, Saint Paul, MN